Cryptoverse: Digital coins lure inflation-weary Argentines and Turks inferse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inferse.com Daily Mail and Mail on Sunday newspapers.
Turkey and Argentina are seeking safe haven by turning to volatile cryptocurrencies amid the crashing fiat and soaring commodity prices. According to audience research company GWI, ownership of [.]
Ownership of digital currencies in Turkey was the highest in the world at 27.1% followed by Argentina at 23.5% well above global crypto ownership rate estimated at 11.9%
Can inherently volatile cryptocurrencies become safe-havens? Apparently they can in some parts of the world, such as Argentina and Turkey, where soaring prices and tumbling local currencies have forced people to seek refuge in digital coins.